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Key Emerging Trends in the MEA Critical Care Equipment Market
Chronic diseases, including heart disease, stroke, cancer, respiratory diseases, and the ongoing global pandemic of coronavirus (COVID-19), contribute significantly to the global disease burden. According to the Center for Disease Control (CDC) in 2019, six out of ten adults are affected by chronic diseases, and four out of ten individuals suffer from more than two chronic conditions. This data underscores the escalating disease burden and the need for effective disease management.
Respiratory diseases, in particular, represent a major cause of death and disability. As highlighted by Healthy People 2020, conditions such as asthma and chronic obstructive pulmonary disease (COPD) impose significant public health challenges. Consequently, the increasing prevalence and incidence of respiratory diseases drive the demand for efficient ventilators, essential for providing a continuous supply of oxygen to patients. This, in turn, propels the growth of the global medical ventilator market.
The impact of the COVID-19 pandemic has further accentuated the significance of medical ventilators. According to the latest data from the European Centre for Disease Prevention and Control (ECDC) in 2020, there were a staggering 17,005,983 confirmed COVID-19 cases globally, with 666,857 reported on 30th July 2020. The surge in COVID-19 cases has created a substantial demand for ventilators, amplifying market growth. The unprecedented increase in cases since January 2020 has led to a soaring demand for medical ventilators to cater to the respiratory needs of COVID-19 patients.
The prevalence of chronic diseases and the ongoing global health crisis have underscored the critical role of medical ventilators in providing essential respiratory support. The demand for these devices has surged not only due to the existing burden of respiratory diseases but also as a direct consequence of the increased need arising from the COVID-19 pandemic. As the healthcare industry strives to address these challenges, the global medical ventilator market is experiencing substantial growth.
MEA Critical Care Equipment Market Highlights:
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